Our pivot point stands at 1.0568.
Our preference: the upside prevails as long as 1.0568 is support.
Alternative scenario: below 1.0568, expect 1.0540 and 1.0524.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0562 and 1.0549).
Supports and resistances:
1.0673 **
1.0657 *
1.0640 **
1.0624
1.0590 last
1.0579
1.0568 **
1.0540 *
1.0524 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-18-2024 at 19:16 UTC+1
Price reference: 1.0590 last known on 11-18-2024 at 19:16 UTC+1
Investment horizon: INTRADAY
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